Stellantis & LG Energy Solutions To Start Construction On New Battery Plant In Ontario!
Official Announcement Should Come Later Today...
Stellantis and LG Energy Solutions announced that the two companies entered into a memorandum of understanding to form a new joint venture to produce battery cells and modules for the North American market, back in October. A suitable location for the new plant was considered to be under review at the time.According to Automotive News Canada, both companies have chosen Windsor-Essex County in Ontario as the future home for its new joint venture plant. The battery cells produced at the new facility will be distributed amongst the Stellantis assembly plants in the United States, Canada, and Mexico. It is predicted that the facility will start production in Q1 of 2024 and will have an annual production capacity of 40-gigawatt-hours.
Stellantis itself is planning for 40% of its total vehicles sold in the United States by the end of the decade.
Both companies expect the construction of the new facility to begin in Q2 2022. An official announcement should be released later this morning.
Earlier this morning, Stellantis announced the construction of another new battery production facility in Italy for its Automotive Cells Company (ACC) joint venture TotalEnergies/Saft and Mercedes-Benz. We will update this post as more information becomes available.
UPDATE! Stellantis & LG Energy Solutions To Start Construction On New Battery Plant In Ontario!
Stellantis and LG Energy Solutions announced that the two companies entered into a memorandum of understanding to form a new joint venture to produce battery cells and modules for the North American market, back in October. A suitable location for the new plant was considered to be under review...
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